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In absolute terms, the FY24 fiscal deficit stood at ?16.54 lakh crore, down from the revised estimate of ?17.35 lakh crore and FY23 level of ?17.38 lakh crore, showed the official data released on Friday. A lower-than-anticipated deficit in FY24 and...

India's FY24 fiscal deficit hit Rs 16.54 lakh crore, 95.3% of target. Central government's FY24 fiscal deficit stood at at 5.6% GDP, below 5.8% estimate. Tax receipts surpassed at Rs 23.27 trillion, 100.1% target. Expenditure at Rs 44.43 trillion, 9...

The benchmark bond yield retreated below 7% on expectations that New Delhi would now need to borrow less this fiscal year. “The higher dividend is welcome, of course,” finance secretary TV Somanathan told ET. “It exceeds our estimate by 0.2-0.3% of ...

RBI DIVIDEND: At its 608th meeting in Mumbai, the Reserve Bank of India approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, marking a 141% increase from FY23's Rs 87,416 crore. This move, reported earlier by ET, aids the C...

The budget estimates dividend transfer in FY'2024-25 at Rs 1.02 lakh crore from the Financial sector entities including the Reserve Bank and public sector banks. But a bulk of the dividend flows is from the central bank.

India's fiscal deficit for April to January, or the first 10 months of this fiscal year, was at 11.03 lakh crore rupees, equivalent to 63.6% of annual estimates, narrowing from the previous year's 67.8%. The government aims to narrow the fiscal gap ...

The government expects a dividend income of Rs 1.02 lakh crore from the RBI and public sector financial institutions in the next financial year. The current fiscal year is expected to see a higher dividend income of Rs 1.04 lakh crore compared to th...

​The current financial year estimate has already exceeded the Budget target as RBI paid a dividend of Rs 87,416 crore. With public sector banks and financial institutions posting good quarterly numbers during the current financial year, the dividend...

Budget Gap: India's fiscal deficit for April to November, or the first eight months of this fiscal year, was at 9.07 lakh crore rupees, equivalent to 50.7% of annual estimates, marginally narrowing from the previous year's X%. The government aims to...

India's fiscal deficit for April to October, or the first seven months of this fiscal year, was at 8.037 lakh crore rupees, equivalent to 45% of annual estimates, marginally narrowing from the previous year's 45.6%. The government aims to narrow the...

India's fiscal deficit for the first half of the current fiscal year, ending in September, was 7.02 lakh crore rupees, equivalent to 39.3% of annual estimates, an increase from the previous year's 37.3%. The government aims to reduce the fiscal gap ...

India's fiscal deficit for the first five months of the current fiscal year, ending in August, reached 6.43 lakh crore rupees, equivalent to 36% of the annual estimates, according to government data. This represents an increase from the 32.6% defici...

India's fiscal deficit for the first four months widened from the same period a year earlier. Going ahead, while the government's decision to cut LPG cylinder prices is expected to have a limited fiscal impact, the calls to reduce petrol and diesel ...

While announcing the federal budget for this fiscal year, Finance Minister Nirmala Sitharaman said India aims to narrow the fiscal gap to 5.9% of gross domestic product from 6.4% in the last financial year.

While announcing the federal budget for this fiscal year, Finance Minister Nirmala Sitharaman said India aims to narrow the fiscal gap to 5.9% of gross domestic product from 6.4% in the last financial year. Total receipts stood at 4.16 lakh crore ru...

India's Reserve Bank may need to reassess fund management as its calculations for liquidity have been altered by higher-than-budgeted surplus transfer and the withdrawal of INR 2,000 notes from circulation. Surplus transfer will add to a permanent l...

The Reserve Bank of India will transfer a surplus of ₹87,416 crore to the government for the 2022-23 accounting year, up from ₹30,307 crore in 2021-2022. The higher payout was driven by increased earnings on forex sales throughout the year, higher i...

​​The Board also discussed the working of the Reserve Bank during the year April 2022 – March 2023 and approved the Annual Report and accounts of the Reserve Bank for the accounting year 2022-23.

The Reserve Bank of India's board Friday approved the transfer of Rs 87,416 crore as surplus to the Central government. It also decided to raise the contingency risk buffer to 6% from 5.5%, the central bank said in a press release.In FY22, the RBI t...